Edtech startup Simplilearn acquired US-based bootcamp edtech startup Fullstack Academy in an all-cash deal. The financial terms of the transaction were not disclosed by the startup.
According to reports, the acquisition will assist Simplilearn in driving revenue growth of up to $200 million by the fiscal year 2024. The news comes just a week after Simplilearn raised $45 million in a round led by GSV Ventures. The funding round was also attended by Clal Insurance and ADQ's venture platform DisruptAD. After acquiring Market Motive in 2015, Simplilearn now counts Fullstack Academy as its second acquisition. It also claims to have grown by 60% in the previous year (2021)